Food Automation Market 2022 Competitive Analysis and Business Scenario- ABB Ltd., Rockwell Automation Inc., GEA Group AG, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE
The food packaging market is expected to register a CAGR of over 6% over the forecast period (2022 - 2027).
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The Global Food Automation Market is highly competitive and consists of a number of Major Key Players are: ABB Ltd., Rockwell Automation Inc., GEA Group AG, Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, Emerson Electric Co., Yaskawa Electric Corporation, Yokogawa Electric Corporation, NORD Drivesystems, Rexnord Corporation others.
- February 2019 - Emerson announced that it has completed the purchase of Intelligent Platforms from General Electric. The addition of Intelligent Platforms programmable logic controller technologies will enable Emerson, one of the leaders in automation for process and industrial customers, to expand its capabilities in machine control and discrete applications. With this expansion, the company is growing opportunities across process and discrete industries as well as hybrid markets such as metals and mining, food and beverage, life sciences, and packaging.
- July 2018 - Rockwell Automation and PTC, Inc. announced that they have entered into a strategic partnership that is expected to accelerate growth for both the companies and enable them to be the partner of choice for customers who want to transform their physical operations with digital technology.
Key Market Trends:
Motors & Generators Type is Expected to Hold the Significant Share
- The motors used in the food and beverage industry have demanding requirements in segments such as meat, dairy and baking goods, poultry and fish, as well as within applications such as mixers, grinders, and conveyors. It is also necessary that machines operate without fault, for longer and at the highest possible level of energy efficiency throughout their lifespan.
- The growing significance of motors in motion control applications involving high-pressure wash-down and high torque applications with precise motion control has greatly improved their functionality. Generators ensure smooth and efficient functioning of systems in the food industry.
Asia-Pacific is Expected to Witness Highest Growth Rate
- Asia-Pacific is anticipated to witness the highest growth rate owing to the high growth of the Food & Beverage industry in the region. The region is witnessing tremendous growth for the food and beverage industry due to an increase in health awareness, disposable income, and urbanization. Due to this, many players of F&B are moving from manual to automation processing to increase the output and develop new products, which ultimately drives the growth of the market.
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The key insights of the Food Automation Market report:
The report provides key statistics on the market status of the Food Automation Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Food Automation Market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2027 market development trends of Food Automation Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Food Automation Market Industry before evaluating its feasibility.
Finally, Food Automation Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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